Alliancebernstein L.P. lowered its stake in shares of FormFactor (NASDAQ:FORM) by 91.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,742 shares of the semiconductor company’s stock after selling 884,791 shares during the period. Alliancebernstein L.P.’s holdings in FormFactor were worth $1,295,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of FormFactor by 1.2% during the 4th quarter. BlackRock Inc. now owns 4,682,016 shares of the semiconductor company’s stock worth $73,273,000 after purchasing an additional 54,625 shares during the last quarter. Peregrine Capital Management LLC increased its stake in shares of FormFactor by 32.8% during the 4th quarter. Peregrine Capital Management LLC now owns 2,504,269 shares of the semiconductor company’s stock worth $39,192,000 after purchasing an additional 618,775 shares during the last quarter. Hood River Capital Management LLC grew its stake in FormFactor by 23.9% in the 4th quarter. Hood River Capital Management LLC now owns 1,556,232 shares of the semiconductor company’s stock valued at $24,355,000 after buying an additional 299,880 shares in the last quarter. Geode Capital Management LLC grew its stake in FormFactor by 37.5% in the 4th quarter. Geode Capital Management LLC now owns 877,543 shares of the semiconductor company’s stock valued at $13,733,000 after buying an additional 239,307 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY grew its stake in FormFactor by 29.8% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 859,001 shares of the semiconductor company’s stock valued at $13,443,000 after buying an additional 197,408 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.
FormFactor stock opened at $14.20 on Friday. FormFactor has a 1-year low of $10.45 and a 1-year high of $18.65. The company has a market capitalization of $997.61, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 0.83 and a beta of 1.34. The company has a quick ratio of 2.58, a current ratio of 3.32 and a debt-to-equity ratio of 0.19.
FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.05). FormFactor had a net margin of 7.46% and a return on equity of 16.81%. The firm had revenue of $131.90 million during the quarter, compared to the consensus estimate of $129.98 million. sell-side analysts forecast that FormFactor will post 1.02 EPS for the current year.
In other FormFactor news, CFO Michael M. Ludwig sold 45,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $13.05, for a total value of $587,250.00. Following the completion of the transaction, the chief financial officer now directly owns 242,887 shares of the company’s stock, valued at approximately $3,169,675.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael M. Ludwig sold 30,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $12.73, for a total transaction of $381,900.00. Following the completion of the transaction, the chief financial officer now directly owns 270,387 shares of the company’s stock, valued at $3,442,026.51. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,431 shares of company stock valued at $1,286,460. Insiders own 2.30% of the company’s stock.
A number of research analysts recently weighed in on FORM shares. Needham & Company LLC upgraded shares of FormFactor from a “buy” rating to a “strong-buy” rating and lifted their price objective for the company from $20.00 to $22.00 in a research note on Thursday, December 14th. BidaskClub lowered shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 9th. Northland Securities started coverage on shares of FormFactor in a research note on Tuesday, April 3rd. They issued an “outperform” rating and a $21.00 price objective for the company. B. Riley reiterated a “buy” rating and issued a $20.00 price objective (down from $22.00) on shares of FormFactor in a research note on Monday, January 29th. Finally, Citigroup reduced their price objective on shares of FormFactor from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.43.
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FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, and reliability test systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.
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